Equities analysts predict that Gap, Inc. (The) (NYSE:GPS) will report $3.78 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Gap, Inc. (The)’s earnings, with estimates ranging from $3.71 billion to $3.85 billion. Gap, Inc. (The) reported sales of $3.80 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.5%. The company is expected to issue its next earnings report on Thursday, November 16th.

According to Zacks, analysts expect that Gap, Inc. (The) will report full-year sales of $3.78 billion for the current year, with estimates ranging from $15.26 billion to $15.87 billion. For the next financial year, analysts forecast that the company will report sales of $15.73 billion per share, with estimates ranging from $15.22 billion to $16.15 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Gap, Inc. (The).

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS.

Several equities analysts have issued reports on GPS shares. Zacks Investment Research upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Monday, September 11th. ValuEngine downgraded shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. upgraded shares of Gap, Inc. (The) from a “sell” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $24.00 in a research note on Friday, September 1st. Instinet restated a “neutral” rating and issued a $25.00 price objective on shares of Gap, Inc. (The) in a research note on Sunday, August 20th. Finally, Credit Suisse Group upgraded shares of Gap, Inc. (The) from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $23.00 to $30.00 in a research note on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $26.79.

Gap, Inc. (NYSE GPS) traded up 1.40% during mid-day trading on Tuesday, hitting $27.59. The stock had a trading volume of 4,088,211 shares. The stock has a market cap of $10.82 billion, a P/E ratio of 13.14 and a beta of 0.88. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74. The firm has a 50-day moving average of $27.18 and a 200-day moving average of $24.48.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.38%. Gap, Inc. (The)’s dividend payout ratio is currently 43.81%.

In other news, CEO Sonia Syngal sold 1,935 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the sale, the chief executive officer now owns 39,656 shares in the company, valued at $1,022,728.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Sydney Fisher sold 666,849 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the sale, the director now owns 12,237,873 shares in the company, valued at approximately $342,538,065.27. The disclosure for this sale can be found here. Insiders have sold 676,682 shares of company stock worth $18,903,910 in the last 90 days. 27.30% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its holdings in shares of Gap, Inc. (The) by 15.5% during the first quarter. OppenheimerFunds Inc. now owns 82,410 shares of the apparel retailer’s stock valued at $2,002,000 after acquiring an additional 11,080 shares during the period. Empirical Finance LLC raised its holdings in shares of Gap, Inc. (The) by 82.4% during the second quarter. Empirical Finance LLC now owns 71,149 shares of the apparel retailer’s stock valued at $1,565,000 after acquiring an additional 32,145 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of Gap, Inc. (The) by 8.0% during the second quarter. Xact Kapitalforvaltning AB now owns 29,517 shares of the apparel retailer’s stock valued at $649,000 after acquiring an additional 2,186 shares during the period. Morgan Stanley raised its holdings in shares of Gap, Inc. (The) by 20.1% during the first quarter. Morgan Stanley now owns 1,953,064 shares of the apparel retailer’s stock valued at $47,440,000 after acquiring an additional 326,601 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Gap, Inc. (The) by 15.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 153,985 shares of the apparel retailer’s stock valued at $3,386,000 after acquiring an additional 20,700 shares during the period. Institutional investors and hedge funds own 56.22% of the company’s stock.

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Gap, Inc. (The) Company Profile

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

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Earnings History and Estimates for Gap, Inc. (The) (NYSE:GPS)

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